Accenture Federal Services Wins $73 Million Internal Revenue Service Identify Theft and Fraud Detection Support Contract

Rhea-AI Summary

Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), secured a $73 million contract from the Internal Revenue Service (IRS) to enhance fraud detection systems. This five-year agreement will support the IRS Return Review Program with advanced analytics and technology to verify taxpayer income and ensure compliance. AFS aims to improve anomaly detection for tax returns, focusing on cloud architecture and automation as part of enterprise modernization initiatives.

Positive

• Secured a $73 million contract with the IRS, enhancing revenue and visibility.
• Improvement of fraud detection processes through advanced analytics and technologies.

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• None.

ARLINGTON, Va.--(BUSINESS WIRE)-- Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has won a $73 million contract from the Internal Revenue Service (IRS) to support the agency in operating and maintaining an automated identity theft and fraud detection system.

Elaine Beeman, Senior Managing Director and AFS Civilian Portfolio Lead. (Photo: Business Wire)

Under the five-year contract, AFS is supporting the IRS Return Review Program (RRP) with innovative technologies and advanced analytics to verify taxpayer income, detect taxpayer fraud, and ensure compliance with tax law.

“Accenture Federal Services is excited to deliver an evolved fraud detection process with fully-integrated advanced analytics to help the IRS expand anomaly detection for individual and business tax returns,” said Elaine Beeman, senior managing director and AFS civilian portfolio lead. “Our work includes a host of enterprise modernization initiatives, including cloud architecture, automation, testing, and agile methodologies to help the IRS create more value.”

For more than four decades, Accenture Federal Services has supported the IRS on many programs including the Affordable Care Act, the Foreign Account Tax Compliance Act, the Tax Cuts and Jobs Act, and the Taxpayer First Act.

About Accenture Federal Services

Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company headquartered in Arlington, Virginia. Accenture’s federal business serves every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations. Learn more at www.accenturefederal.com.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 674,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities. Visit us at accenture.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005064/en/

Donna Savarese

Accenture Federal Services

314-401-8114

donna.savarese@accenturefederal.com

Source: Accenture Federal Services (AFS)

FAQ

What is the value of the contract Accenture won with the IRS?

Accenture Federal Services won a $73 million contract with the IRS.

How long is the contract between Accenture and the IRS?

The contract between Accenture Federal Services and the IRS is for five years.

What will the contract with the IRS support?

The contract will support the IRS Return Review Program to enhance fraud detection and compliance.

What technologies will Accenture implement for the IRS?

Accenture will implement advanced analytics and innovative technologies for fraud detection.

What is Accenture's stock symbol?

Accenture's stock symbol is ACN.